Wednesday, December 14, 2016

Happy New Year!

'As the ten-year yield approaches 3%, which is more than double the rate seen just five months ago, all forms of fixed income, along with their proxies, will come under extreme pressure. This means; corporate debt, municipal bonds, REITs, CLOs, student and auto loan securities, bond funds, the real estate market, all dollar-denominated foreign debt and equities will fall concurrently along with the global economy. All this should occur while the multi-hundred trillion dollar interest rate derivative market gets blown to smithereens.'

from:

 http://www.marketoracle.co.uk/Article57524.html

NB: 10 yr Bond Yield today: 2.46

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